HK Stock Market Move | Crystal Intl (02232) rose by over 13%, the company has officially been included in the Hong Kong Stock Connect. Institutions predict that the company's compound annual growth rate for the next three years will be in double digits.

CRYSTAL INTL (02232) rose more than 13%, reaching 13.4% at the time of writing, at HKD 5.67, with a turnover of HKD 92.7398 million. On the news front, according to announcements from the Shanghai and Shenzhen stock exchanges, CRYSTAL INTL has officially been included in the list of eligible stocks for the Hong Kong stock connect, which takes effect today. Zheshang's recent research report indicates that the company's future three-year compound growth rate is expected to be in the double digits, with a dividend payout ratio of around 60%. The forecast is based on: 1) the enhancement of cross-category research and development capabilities after expanding into sports and outdoor clothing, adapting to the current trend of "sport + fashion," and the potential for continuous expansion of new customers and increased market share from large customers; 2) increasing recruitment since 24 to increase production capacity, with historical staff numbers matching order trends; 3) increasing the mid-term dividend payout ratio to 60%, with ample cash on hand. Huaxi previously stated that the company is expected to increase market share in the future through a full-category layout and R&D design advantages, and is expected to achieve double-digit growth in the future: in the short term, Uniqlo in 25 and sports outdoor brands are expected to be important drivers, contributing revenue growth above average; NIKE and PUMA, which had relatively weak performance in 24, are expected to improve; the company's rapid recruitment in 24 has also laid the foundation for growth in 25; in the medium term, on one hand, the company's customer base in the sports and outdoor categories is still relatively small compared to its peers, with significant room for increasing market share among existing customers and expanding into new customers; on the other hand, the company previously focused on clothing manufacturing, but currently, by acquiring fabric factories, it is expected to improve profit margins in the future; in the long term, the company has the ability to design and manufacture multiple categories such as casual wear, sportswear, denim, and sweaters, with significant room to expand product categories and cross-selling among customers.